'Suitor' on matrimonial website dupes widow of Rs 43 lakh

February 18, 2015

Mumbai, Feb 18: A widow from Dongri was cheated of her life’s savings by an unscrupulous man posing as a suitor on a matrimonial website. The victim realised she’d been duped only after the accused man stopped taking her phone calls, after having taken more than Rs 43 lakh of her money. The case has been registered with the Dongri police.

widow dupedAccording to the police, the 42-year-old woman, a nurse by profession, lost her husband in 1996. He used to work in the Merchant Navy and died when his ship sank. An officer from the Dongri police, requesting anonymity, said, “Since the time her husband died, she wished to marry again.

So, after consulting her 21-year-old daughter, she posted her profile on a matrimonial website in February 2014. By the end of that month, a man posing as one Henry Young Smith struck up a conversation online.” The duo exchanged phone numbers and began talking on the phone.

The complainant, in her statement to the police, said she had grown emotionally attached to Smith. By the end of March, Smith began asking for financial help saying his mother was admitted in hospital. “The accused claimed he was originally from UK, but had recently shifted to the US due to work issues.

The first transaction took place on March 29, 2014 after he claimed his mother was serious and admitted to the ICU. The man said his cash was in possession of his business partner, and that he would return the victim’s money as soon as he got it,” the officer said.

The accused continued to extract money from the unsuspecting woman and till November 15, 2014, the victim had transferred Rs 43,42,129 through 16 different transactions. “Smith either took money on the pretext of his mother’s illness, or saying he had lost his ATM card. Thinking it was an emergency, the woman helped him.”

The nurse realised she had been cheated when she asked for her money and even called him to meet her in Mumbai. However, Smith started ignoring the woman and stopped receiving her phone calls. The victim then approached Commissioner of Police Rakesh Maria, who sent her application to Dongri police station.

After police made initial inquiries, they registered the case on February 7. The woman also told the police she had no money left. Neetu Tayade, assistant police inspector and investigating officer in the case, confirmed said, “We sent letters to the banks from where she transferred her money.

We are investigating the case and trying to trace the accused who has been duping women across the city.” The accused has been booked under Section 420 (cheating and dishonestly inducing delivery of property) of the Indian Penal Code, along with Section 66D of the Information Technology Act.

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News Network
February 12,2020

New Delhi, Feb 12: Cooking gas LPG price on Wednesday was hiked by a steep Rs 144.5 per cylinder due to spurt in benchmark global rates of the fuel.

But to insulate domestic users, the government almost doubled the subsidy it provides on the fuel to keep per cylinder outgo almost unchanged.

LPG price was increased to Rs 858.50 per 14.2 kg cylinder from Rs 714 previously, according to a price notification of state-owned oil firms.

This is the steepest hike in rates since January 2014 when prices had gone up by Rs 220 per cylinder to Rs 1,241.

Domestic LPG users, who are entitled to buy 12 bottles of 14.2-kg each at subsidised rates in a year, will get more subsidy.

The government subsidy payout to domestic users has been increased from Rs 153.86 per cylinder to Rs 291.48, industry officials said.

For Pradhan Mantri Ujjwala Yojana (PMUY) beneficiaries, the subsidy has increased from Rs 174.86 to Rs 312.48 per cylinder.

After accounting for the subsidy that is paid directly into the bank accounts of LPG users, a 14.2-kg cylinder would cost Rs 567.02 for domestic users and Rs 546.02 for PMUY users.

The government gave out 8 crore free LPG connections to poor women under PMUY to increase coverage of environment-friendly fuel in kitchens.

Normally, LPG rates are revised on 1st of every month but this time it took almost two weeks for the revision to take place - a phenomenon which industry officials said was due to approvals needed for such a big jump in subsidy outgo.

Others said the decision to defer the increase could have been because of assembly elections in Delhi. Delhi voted on February 8.

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News Network
January 15,2020

Bengaluru, Jan 15: The Indian startups secured 12.7 billion in funding last year -- a 15% growth compared to 2018 - and Bengaluru startup community topped the list, with securing $5.3 billion across 267 deals, a new report said on Tuesday.

In total, the Indian startups attracted 766 deals in 2019, taking total deal count between 2014-2019 to 5,011, said DataLabs by Inc42 in its annual startup funding report.

Sequoia took the top spot as the most active VC in 2019 with 53 deals, followed by Accel that participated in 38 deals. Blume Ventures, Matrix Partners and Tiger Global were in the top five VCs in 2019.

"The Indian startup economy is entering new decade with over $58 billion in fundraising and 2,984 funded startups between 2014-2019," the findings showed.

With an average of $21 million, the ticket size value of funding increased by 15% in 2019.

Ecommerce and fintech -- with $2.6 billion funding each -- took the top slot with 93 deals and 125 deals, respectively.

"Ecommerce continued to remain at the top by the end of 2019. The growing investor confidence towards sub-sectors such as vertical ecommerce, social commerce and private label businesses is one major factor for ecommerce maintaining its lead," a DataLabs spokesperson said in a statement.

According to the estimates, the funding amount and deal count in 2020 will be around $12.6 billion at a 1% decline from 2019.

"Nevertheless, the investment activity is expected to rise in 2021," said the report.

The data suggests that 2019 had lowest number of startups funded (664) in the last five years, with seed-stage funding deals dropping by 53%, compared to 2016.

With $252 million in funding, seed-stage deal value fell by 44% (compared to 2018) as only 306 seed funding deals were recorded, the report said.

The enterprise tech had a blockbuster year with total funding of $1.15 billion across 114 deals in 2019. The sector recorded a 49% surge in total funding amount, compared to 2018.

The Indian startup economy saw 275 unique VCs participating in funding in 2019, said the report.

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News Network
July 13,2020

Bengaluru, Jul 13: Referring to political happenings in Rajasthan, Karnataka Pradesh Congress Committee President and former Karnataka Minister D K Shivakumar on Monday expressed confidence, saying Sachin Pilot is a 'sincere Congressman' and he will not quit the party.

"No, he (Pilot) will not leave. I have full confidence that he will not leave. He is a very sincere Congressman like his father (Rajesh Pilot). He has built the party for the past six-seven years. He is the President (Rajasthan state unit), he has done his best for the party," Shivakumar added.

Talking to media here on Monday, he said, "there may be some issues, I'm not saying no, but everything will be sorted out." A crucial meeting of the Congress Legislature Party (CLP) will be held at Jaipur on Monday, amid deepening political crisis in Rajasthan, and the party has issued a whip to all party legislators to attend without fail.

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